Kevin Drum boils Donald Trump’s economic plan down on Mother Jones (spoiler alert: SOS).

Donald Trump just finished reading his big economic policy speech from a teleprompter. He’s really bad at reading from a teleprompter, looking alternately bored and outraged. Here are the pieces that caught my eye:

• Huge tax cut for the rich.

• But no spending cuts that he’s willing to admit to.

• End of estate taxes.

• Cut corporate tax rate to 15 percent.

• Allow corporations to repatriate foreign earnings at a special 10 percent rate.

• Declare China a currency manipulator, even though their currency is currently overvalued, not undervalued. A market rate for the renminbi would make Chinese imports even cheaper.

• Slash regulations on corporations.

• Pretend global warming doesn’t exist.

• Ban all new financial regulation.

• Repeal Obamacare.

• Implement a childcare tax deduction instead of a tax credit.

• He will work with Ivanka on a childcare plan. Because, I guess, Ivanka has kids, so she’s an expert on the problems that low-income workers have with childcare.

Didn’t we give this approach a shot under George W. Bush? How did that work out? Tepid GDP and job growth (Drum helpfully provides charts showing both doing better under Obama here) followed by a historic crash enabled by that very de-regulation.

No, thanks.

Cross-posted from The Sensible Center

http://thesensiblecentercom.blogspot.com/2016/08/trumps-economic-plan-for-fellow.html